Six-Unit Multifamily Building

504 2nd Ave, Coralville, IA 52241

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For Sale

$725,000

MULTI_FAMILY - Coralville, IA

HighLights

6‑plex multi‑family building with 5 units at 748 SF each (2 bed/1 bath) plus 1 additional 1 bed/1 bath unit
Appliances included: dishwasher, range/oven, and refrigerator
Heating includes baseboard and steam; cooling is via window unit(s)
Brick, vinyl, and frame construction; built in 1983
Off‑street parking available
Interior features include combined kitchen/dining room (KitDiningRmComb)

We can help!

Contact an agent

Monica Hayes

For Sale

$725,000

MULTI_FAMILY - Coralville, IA

Added:: Mar 25, 2026
Days on Market:: 100
Last Refresh:: Jul 2 at 9:06 am

Property Features for 504 2nd Ave

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: RES
Bathrooms: 1
Rooms: Bathroom 1, Bathroom 3, Bathroom 4, Bathroom 2
Parking: 4
Parking features: Off Street
Interior features: KitDiningRmComb
Appliances: Dishwasher, RangeOrOven, Refrigerator
Standard status: Active
APN: 1005453003

Taxes and HOA fees

Tax Year: 2023
Tax Annual Amount: 5374

Utilities

Heating system: Baseboard, Steam
Cooling system: Window Unit(s)

Building Details

Year built: 1983
Building materials: Brick, Vinyl, Frame

We can help!

Contact an agent

Monica Hayes

Listing agent Monica Hayes

Listing office Lepic-Kroeger, REALTORS 2346 MORMON TREK BLVD SUITE #2000, Iowa City, IA

Listing date Mar 25, 2026

MLS# 202602020 Listing URL

Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

6‑plex multi‑family building with 5 units at 748 SF each (2 bed/1 bath) plus 1 additional 1 bed/1 bath unit
Appliances included: dishwasher, range/oven, and refrigerator
Heating includes baseboard and steam; cooling is via window unit(s)
Brick, vinyl, and frame construction; built in 1983
Off‑street parking available
Interior features include combined kitchen/dining room (KitDiningRmComb)

Overview

This six-unit multifamily building includes five 2-bedroom/1-bath apartments, each with approximately 748 square feet, plus one 1-bedroom/1-bath unit with several large closets. The configuration also provides off-street parking for one of the units, supporting everyday tenant convenience.

The property is located at 504 2nd Ave in Coralville, Iowa, and is described as being close to IRL and the University of Iowa Hospitals, as well as Kinnick and nearby restaurants and coffee shops. The listing also notes proximity to two major interstates and bus lines.

With its unit mix of 2-bedroom/1-bath and 1-bedroom/1-bath layouts, this building may appeal to operators and investors seeking a small, manageable residential income asset in Coralville. The off-street parking component and proximity to employment, healthcare, and daily amenities can help support tenant practicality for a range of renters.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

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Local Demand

City: Coralville
County: Johnson
State: Iowa
Longitude: -91.567506
Latitude: 41.67429

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For sale
Apartment buildings
IA
Coralville
52241
504 2nd Ave

What type of property is this?

Apartment building - Six-unit multifamily property offers a mix of two- and one-bedroom apartments with off-street parking.

Where is this apartment building located?

The property is located at 504 2nd Ave Coralville, IA.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: 6‑plex multi‑family building with 5 units at 748 SF each (2 bed/1 bath) plus 1 additional 1 bed/1 bath unit; Appliances included: dishwasher, range/oven, and refrigerator; Heating includes baseboard and steam; cooling is via window unit(s)

504 2nd Ave, Coralville, IA 52241

MULTI_FAMILY - Coralville, IA

Property Features for 504 2nd Ave

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Office and Warehouse Flex Building

First-Floor Office Suite with NNN Tenant

Multi-Tenant First-Floor Office Condos

Top-Floor Office Condo

24-Hour Tanning and Wellness Storefront

Mixed-Use Lodge with Vacant Space

First-Generation Medical/Retail Spaces

Medical Office or Retail Suites

Mixed-Use Lodge with Retail Space

Customizable Office Space in Coralville

Office Suite with Two-Story Atrium

Grocery Store Ground Lease

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